Common use of Sick Benefit Payout on Death Clause in Contracts

Sick Benefit Payout on Death. Where a team member dies while in the employ of the Company, a special cash payment of an amount equivalent to the cash value of 50% of their accumulated sick leave credits shall be paid to the team member's beneficiary as defined by Superannuation records, or, where there is no beneficiary, to the team member's estate. Sick leave credits for the purpose of this article means credit accumulated prior to January 1, 1978, which has not been utilized prior to death. MEMORANDUM OF UNDERSTANDING #1 Modified Workweek The Company shall examine proposals for the introduction of modified workweek schedules on a trial basis and will implement any schedules, which can be shown to increase the productivity of the Company. The procedure for approval and implementation of a modified workweek schedule shall be as follows:

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Sick Benefit Payout on Death. Where a team member dies while in the employ of the Company, a special cash payment of an amount equivalent to the cash value of 50% of their accumulated sick leave credits shall be paid to the team member's beneficiary as defined by Superannuation records, or, where there is no beneficiary, to the team member's estate. Sick Xxxx leave credits for the purpose of this article means credit accumulated prior to January 1, 1978, which has not been utilized prior to death. MEMORANDUM OF UNDERSTANDING #1 Modified Workweek The Company shall examine proposals for the introduction of modified workweek schedules on a trial basis and will implement any schedules, which can be shown to increase the productivity of the Company. The procedure for approval and implementation of a modified workweek schedule shall be as follows:

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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